Iran to be among five top countries with drilling tech by 2016

Deputy Iranian Oil Minister for Research and Technology said Iran would be placed among the five top countries with drilling industry by the end of the 5th development program (2016).

Mohammad-Reza Moghaddam noted Iran's name would be registered among the five top countries by the end of 2016, adding the facilities for building advanced, competitive and trade masts would be prepared in the country by 2015.

He pointed out depending on the capability of Iranian companies in building drilling masts; Iran has some plans to export the products after 2015.

Moghaddam stressed that the plan for building the drilling masts has been studied for two years and the country is seeking building 10 masts by the method of inverse engineering and two entirely home-made masts with domestic designs, brands and know-how.

He went on to say that the 10 masts would be delivered by 2013 and the two other indigenous masts would be handed by 2014.